Smartkem Completes First Sale of its TRUFLEX® Semiconductor Materials to Chip Foundation under their Co-Development Agreement
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Smartkem (Nasdaq: SMTK) has completed its first sale of TRUFLEX® semiconductor materials to Shanghai Chip Foundation under a co-development agreement. This partnership aims to develop new microLED-based backlight technology for LCDs, with sales expected to continue through 2025.
January 16, 2025 | 12:15 pm
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Smartkem has successfully completed its first sale of TRUFLEX® semiconductor materials to Chip Foundation, marking a significant milestone in their co-development agreement. This sale is part of a long-term partnership aimed at innovating microLED technology for LCDs, with continued sales expected through 2025.
The completion of the first sale under the co-development agreement with Chip Foundation is a positive development for Smartkem, indicating progress in their partnership and potential revenue growth. The focus on microLED technology for LCDs suggests a strategic move into a growing market, likely boosting investor confidence.
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